Property profile

1492 Canton Rd Lakemore, OH 44250

OFF-MARKET
Retail properties & Spaces
Built 1959
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Property summary

AI-generated overview

Lakemore Plaza, a 252,297 square foot community shopping center in Akron, Ohio, presents a compelling investment opportunity. This Class B property, built in 1959, sits on a 42.93-acre lot and comprises four single-story buildings. Currently, multiple retail spaces are available, ranging from 4,500 to 15,824 square feet. The center boasts strong anchor tenants including Save-a-Lot, Tractor Supply Co., Goodwill, and Jo-Ann Fabrics. A junior anchor space, several smaller shop spaces, and a former Huntington Bank outparcel building are also available for lease. Further development opportunities exist for outparcel construction, either for sale or build-to-suit. The property's strategic location near the signaled intersections of Routes 224 and 91 provides excellent visibility and accessibility. The surrounding area boasts a substantial population base, with over 118,000 residents and 44,000 employees within a five-mile radius. The property is zoned B-1 and its APN is 5402946. New ownership offers aggressive lease rates and terms. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving market.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1492 Canton Rd Lakemore, OH 44250
Lakemore metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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